Class C Conversion Notice definition

Class C Conversion Notice has the meaning as provided in section 4.15; (z) “Class C conversion number” has the meaning as provided in section 4.15; (aa) “Class C Shares” means the class C non-voting shares in the capital of the Company; (bb) “Class C Shareholder” means a holder of Class C Shares; (cc) “Close of Business” means 5:00 p.m., Eastern Time; (dd) “Company” means Brookfield Asset Management Reinsurance Partners Ltd.; (ee) “control” (including the terms “controlling,” “controlled by” and “under common control with”) means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a person, whether through the ownership of voting securities, by contract, or otherwise; (ff) “Conversion Amount” has the meaning as provided in section 2.18; (gg) “Conversion Blackout Period” has the meaning set forth in Section 2.20; (hh) “Conversion Right” has the meaning as provided in section 2.18; (ii) “distribution” includes a dividend, a capital reduction resulting in a return of capital, or a combination of a dividend and a capital reduction; (jj) “Effective Date” means, with respect to an event described in clauses (i) and (v) of the definition of “Exchange Factor” below, the first date on which the BAM Shares, Class A Shares or Class A-1 Shares, as applicable, trade on the applicable exchange or in the applicable market, in a regular way, reflecting the relevant share split, subdivision, reserve split, combination or reclassification, as applicable; (kk) “Exchangeable Distributions” has the meaning as provided in section 2.2; (ll) “Exchangeable Shares” means, the Class A Shares and/or the Class A-1 Shares, as applicable; (mm) “Exchangeable Shareholders” means a holder of Exchangeable Shares; A-3